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3 years ago
OneSavings Bank to list on London Stock Exchange
May 7, 2014 / 6:30 AM / 3 years ago

OneSavings Bank to list on London Stock Exchange

LONDON, May 7 (Reuters) - New British lender OneSavings Bank said on Wednesday it planned to list on the London Stock Exchange to raise funds to bolster its capital and provide funding for future growth.

OneSavings, which is backed by private equity group JC Flowers, said it expected to raise gross proceeds of 41.5 million pounds ($70.5 million) following a flotation of at least 30 percent of the business on London's main market. ($1 = 0.5885 British Pounds) (Reporting by Matt Scuffham; Editing by Chris Vellacott)

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